Friedenthal Financial Invests $833,000 in Synchrony Financial (NYSE:SYF)

Friedenthal Financial purchased a new stake in shares of Synchrony Financial (NYSE:SYF) during the 4th quarter, Holdings Channel reports. The fund purchased 12,816 shares of the financial services provider’s stock, valued at approximately $833,000.

A number of other institutional investors have also added to or reduced their stakes in SYF. Larson Financial Group LLC boosted its position in Synchrony Financial by 92.7% in the third quarter. Larson Financial Group LLC now owns 607 shares of the financial services provider’s stock valued at $30,000 after buying an additional 292 shares in the last quarter. Altshuler Shaham Ltd bought a new position in shares of Synchrony Financial in the 2nd quarter valued at $31,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Synchrony Financial during the 2nd quarter valued at $39,000. Quarry LP grew its position in Synchrony Financial by 301.3% during the 3rd quarter. Quarry LP now owns 899 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 675 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Synchrony Financial in the 3rd quarter worth about $50,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.

Synchrony Financial Stock Up 1.7 %

Shares of SYF stock traded up $1.11 during trading hours on Monday, reaching $64.88. The company had a trading volume of 2,629,074 shares, compared to its average volume of 2,407,064. The business has a fifty day simple moving average of $65.72 and a 200-day simple moving average of $55.38. Synchrony Financial has a 12 month low of $35.29 and a 12 month high of $69.39. The company has a market cap of $25.26 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 0.82 and a beta of 1.64. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.25 and a quick ratio of 1.25.

Synchrony Financial (NYSE:SYF) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.17. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.76 billion. Synchrony Financial had a net margin of 13.98% and a return on equity of 16.64%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.48 EPS. On average, research analysts expect that Synchrony Financial will post 6.51 earnings per share for the current fiscal year.

Synchrony Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.00 annualized dividend and a dividend yield of 1.54%. Synchrony Financial’s dividend payout ratio is currently 13.05%.

Insider Transactions at Synchrony Financial

In related news, insider Jonathan S. Mothner sold 34,163 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $64.99, for a total transaction of $2,220,253.37. Following the sale, the insider now directly owns 127,587 shares in the company, valued at approximately $8,291,879.13. The trade was a 21.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Curtis Howse sold 21,934 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $55.13, for a total value of $1,209,221.42. Following the completion of the transaction, the insider now owns 99,743 shares of the company’s stock, valued at approximately $5,498,831.59. This represents a 18.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SYF. The Goldman Sachs Group boosted their price target on Synchrony Financial from $72.50 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. upgraded shares of Synchrony Financial from a “neutral” rating to an “overweight” rating and upped their price target for the company from $59.00 to $72.00 in a research report on Monday, December 9th. Compass Point boosted their price objective on shares of Synchrony Financial from $60.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company raised Synchrony Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $60.00 to $85.00 in a research report on Tuesday, December 3rd. Finally, Evercore ISI upped their price target on Synchrony Financial from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $65.45.

Synchrony Financial Profile

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.